Blog of Abrams Insurance in San Diego CA 858-703-6178

Life Insurance for Non-US Citizens – Assurity Foreign Resident Program

Life insurance for non-US citizens has been a challenge for decades. However, as corporations struggle to find qualified employees and hire teams through visa programs, insurance companies are starting to respond to the insurance needs for the financial security of these families. This article will review Assurity’s Foreign Resident Program (eligibility criteria, types of insurance…

Assurity Accident Insurance: Cash for Accidental Injuries

Accidents happen. Insuring against them with a plan like Assurity Accident Insurance helps ease unexpected medical expenses, especially for families with active children. This article dives into the details of Assurity’s new accident policy, including coverage options, benefits, and real-life applications. What is Accident Insurance? Accident insurance layers over your health insurance to cover what…

Tax Consequences of Surrendering a Life Insurance Policy

It often surprises people that surrendering their life insurance policy has tax consequences! Don’t worry. This doesn’t happen in every case. This article explains what triggers the possible tax burden, how it’s calculated, the role of cash value accumulation, different types of policies, and how surrender fees and outstanding policy loans impact the taxes you…

How to Cash in Life Insurance While Still Alive

Most people think of life insurance as something that benefits their family, not necessarily themselves. But, there are ways to use your policy during your life, including the ability to cash in your life insurance while still alive if a financial need arises. This guide will cover your options for cashing in your life insurance.…

Life Insurance Cash Surrender Value – How Does It Work?

Life insurance originally started out by providing peace of mind and financial security for surviving spouses or children. One of the less discussed parts is the life insurance cash surrender value. Since not everyone keeps their life insurance for life, this feature can make canceling the policy less painful in that you get some cash…

Knowing When to Stop Term Life Insurance: Strategies for Financial Gain

Knowing when to stop term life insurance coverage is just as financially savvy as knowing when to start it. Most people choose term insurance because they have a specific risk they want to cover. These risks are often reflected in a specific term length, such as a 30-year term for a mortgage. This specific need…

Navigating the Decision: Canceling Life Insurance with Cash Value

Life insurance is a cornerstone of a family’s financial safety net for many people. But as life situations change, sometimes it’s no longer needed. With term insurance, canceling your policy is as easy as telling your agent you want to cancel, and then you stop paying premiums. For canceling life insurance with cash value, that…

how to do a partial surrender of life insurance

Partial Surrender of Life Insurance: A Strategic Financial Move

Life insurance policies are a way to provide financial security for beneficiaries (family, businesses, etc.) after the policyholder’s death. However, sometimes life happens, and a policyholder needs financial security during their lifetime, too. A partial surrender of life insurance is one way to help offset sudden financial needs. This article covers what a partial surrender…

sell term life insurance policy for cash

Getting a Cash Offer for Your Term Life Insurance Policy: What You Need to Know

What if you could sell your term life insurance policy for cash instead of letting it expire? This process is called a life settlement. It’s a way for someone to sell a policy they no longer want or need rather than letting the policy lapse. For a comprehensive article about life settlements, read What Should…

EMA Critical Care Max 2.0 – Is This Critical Illness Insurance Worth It?

Today, let’s take a look at the EMA Critical Care Max 2.0 insurance. It’s a type of critical illness insurance that pays a benefit upon diagnosis of specific illnesses, namely the big, scary, and potentially expensive ones. EMA Critical Care 2.0 Max Overview EMA Critical Care 2.0 Max provides critical illness insurance. That means it…